Articles from Claudia Assis

Campbell Soup Co. CPB, -2.54% said late Thursday its board of directors has elected Mark A. Clouse to serve as the company's president and chief executive effective Jan. 22. Clouse, who previously was the CEO of Pinnacle Foods Inc., succeeds Campbell's interim CEO Keith McLoughlin, who will remain a director and will work closely with Clouse "to ensure a seamless transition," Campbell Soup said in a statement...

Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company’s typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire’s second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years...

Tesla Inc. and General Motors Co. face potential proxy battles at their annual shareholder meetings this week amid very different trajectories for their share price and investor expectations. Tesla TSLA, +0.29% which this year surpassed GM GM, -0.44% to become the No. 1 U.S. car maker by market capitalization, faces challenges related to its board of directors...

Activist investor Carl Icahn has reported a 4.66% stake in Gannett Co. Inc. , according to a filing Wednesday. Icahn had sold his shares in the media company last year. Gannett spun off its broadcast and digital media businesses under Tegna Inc in 2015. Gannett owns newspapers and other media assets. Gannett shares were flat in late trading Wednesday after ending the regular session down 0.1 ...

Raytheon Co. said Wednesday its board of directors has authorized a share buyback plan of up to $2 billion. The buybacks "may take place from time to time ... depending on market conditions," the defense technology company said. Raytheon also said it will pay its dividend of 67 cents a share to shareholders of record as of Jan. 6. Shares of Raytheon rose 0.3% in late trading Wednesday after ...

LogMeIn Inc. said Wednesday its board of directors has named William "Bill" Wagner as the company's new chief executive, replacing co-founder and longtime CEO Michael K. Simon. Simon will remain chairman of the board. Wagner, who joined the company in 2013, had been LogMeIn chief operating officer. Shares of the cloud computing company fell 1.8% in after-hours trading after rising 3.4% during ...

Jack Dorsey will forgo a salary once he takes the reins at Twitter Inc. following the departure of Dick Costolo on July 1. According to a letter of employment filed with the Securities and Exchange Commission, Dorsey requested no compensation for his role until the company's compensation committee agrees on a package when it conducts its annual assessment and the setting of executive compensation later in the year...